Real estate developer restarts construction in building new Las Vegas homes for sale. Several Las Vegas neighborhoods will give buyers the ability to once again pick their options including countertops and kitchen cabinets.
Las Vegas home sales skyrocket in real estate market for 13 months in a row. The Greater Las Vegas Association of REALTORS reported prices continued to decline in April and is leading the US in home sales.
Homes listed for sale in the multiple listing service has continued to decline in April to 22,112. A 3.6 percent fall from a year ago of 24,000 units. Inventory also declined due to the moratorium the Fed placed on real estate from November 2008 to March 2009.
Calendar of Conventions in Las Vegas Nevada Hotels
Las Vegas Convention Schedule For May 26 - June 1 2009
Las Vegas hotel developer funds stopped and reduces construction work force. Commercial real estate developer of the $3.1 billion Fontainebleau hotel alerted contractors of denied access to some of the $130 million in construction financing.
The constructions funds were expected to be available according to the developer last week. A separate set of lenders apart from the $800 million pulled from financing a week prior stopped access to funding.